Gloria, at robchipman.net, on 16 Nov 2009, 9:27 am, discovers that Vancouver RE price to rent ratios make no sense. The unit that she describes has a price:rent ratio of 390, and that’s before any talk of maintenance fees (which would put the ratio well above 400). These ratios would imply that, from a historical perspective, the sales price is over twice what it should be.
“Luxurious ‘O2′ on Davie / Denman St. has several units for sale, and one of them (2bdr/2bthr, 975 sq.ft) is both for sale and for rent. The sale price is 975k, and the rent is $2500 per month. I just don’t get it… why the rent is so low, or why the sale price is so high?”